Many people still choose banks to get credit or loans. However, to be able to get a credit or loan, you need to know a term known as Debtor Information Service (iDeb) or what used to be called BI Checking. This information will be used by the banks in determining whether a loan will be approved or not. For more details, find out the following information related to Debtor Information Service (iDeb).
About Debtor Information Service
Debtor Information Service (iDeb) refers to Individual Debtor Information (IDI) that shows the entire history of credit payment transactions that have been made. For the record, this term has now changed its name to the Financial Services Authority’s Financial Information Service System (SLIK OJK). Even so, people still know it better as BI Checking.
In reality, all banks and other financial institutions under OJK will receive information from customers regarding their credit history. This will include information on the debtor’s identity, the amount of financing received, credit collectability, collateral and/or guarantors, and reports of non-performing loan.
This data will be collected by OJK and integrated into a system. This means that every bank can access all debtor data before granting loans to them.
Each debtor or customer will also be given a score related to their loan history. This score also given by the Bank/financial service institution that provides credit at the time of reporting the data to OJK and serves as a reference for the bank in granting loans.
By having a good credit score, it will facilitate the process of applying for a loan. Meanwhile, if your iDeb or BI Checking score is poor, your credit or loan application will be more likely to be rejected.
Debtor Information (iDeb) Score
Find out about the iDeb or BI Checking score or what has been called as collectability and its explanation below:
1. Collectability 1
This is the highest/best collectability a debtor has. Collectability 1 indicates that debtors always fulfil their obligations in paying bills, both principal and interest. This score is only given to those who have no arrears or delays in payment.
2. Collectability 2
Debtors with collectability 2 have, in fact, been recorded as having arrears. However, it can be said that it is still in a safe level. The reason is, the arrears are still within the period of 1-90 days. Collectability 2 is also commonly called Under Special Attention (DPK).
3. Collectability 3
Those who get collectability 3 have arrears within 91—120 days atau 2—3 months. This can be declared as substandard.
4. Collectability 4
Debtors with collectability 4 are even more difficult to get additional financing in any form. They have been in arrears for around 121—180 days or 4—6 months. They will also be marked as Doubtful.
5. Collectability 5
Collectability 5 is flagged as Non-Performing Loan. The arrears are more than 180 days. This means that debtors with collectability 5 will most likely fail to apply for credit in banks and other financial institutions.
Notes: The score listed in the iDeb or BI Checking report will be displayed for a period of 24 months/2 years.
How to View iDeb Score
You can also check the score or collectability in the iDeb or BI Checking report online for debtors who want to know what their score is. Follow these steps:
- Go to website SLIK OJK (https://idebku.ojk.go.id)
- Click on the Registration menu
- Fill in the fields provided and complete the registration data
- Upload the required documents
- Checklist the data correctness statement and click Submit Application
- Once the registration is successful, the applicant will receive an email from OJK containing the Registration Number information, in addition the applicant can also check the status of the application on the Service Status menu with the registration number
- Wait for OJK’s confirmation email no later than 1 working day after registration is done
How to Clean iDeb
A good iDeb or BI Checking score necessary because it greatly affects whether a credit or loan can be approved by the bank. however, it is different if someone has unpaid arrears.
Regardless of the value, whether big or small, all arrears will be recorded in the SLIK OJK. They can come from anywhere, from KTA, KPR, outstanding credit card bills or from online loan applications. Late payment will immediately change the iDeb or BI Checking score.
To clear it, debtors only need to pay it in full before applying for another loan. After paying it off, the bank/financial service institution will change the score to the smallest number.
Nah, think back and pay attention to which bills are still outstanding. If they are unpaid, let’s pay them off immediately to keep your iDeb or BI Checking score good.